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International Business Times UK
International Business Times UK
Glory Moralidad

UK House Prices Edge Higher, but Middle East Conflict Casts Shadow Over Mortgage Rates

UK house prices pass £300K, but Middle East tensions may slow mortgage rate cuts, impacting buyers and the overall housing market outlook. (Credit: 8213erika/Canva)

The UK housing market displayed surprising resilience in February 2026, with average property prices climbing to a fresh record of £301,151.

According to the latest data from the Halifax House Price Index, average values rose by 0.3% over the month, while annual growth accelerated to 1.3%—the strongest rate in four months. However, this period of modest growth is now colliding with the harsh realities of escalating geopolitical instability.

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